Marilyn Geewax

Doby PhotographyNPR

Marilyn Geewax is a senior editor, assigning and editing business radio stories. She also serves as the national economics correspondent for the NPR web site, and regularly discusses economic issues on NPR's mid-day show Here & Now.

Her work contributed to NPR's 2011 Edward R. Murrow Award for hard news for "The Foreclosure Nightmare." Geewax also worked on the foreclosure-crisis coverage that was recognized with a 2009 Heywood Broun Award.

Before joining NPR in 2008, Geewax served as the national economics correspondent for Cox Newspapers' Washington Bureau. Before that, she worked at Cox's flagship paper, the Atlanta Journal-Constitution, first as a business reporter and then as a columnist and editorial board member. She got her start as a business reporter for the Akron Beacon Journal.

Over the years, she has filed news stories from China, Japan, South Africa and Europe. Recently, she headed to Europe to participate in the RIAS German/American Journalist Exchange Program.

Geewax was a Nieman Fellow at Harvard, where she studied economics and international relations. She earned a master's degree at Georgetown University, focusing on international economic affairs, and has a bachelor's degree from The Ohio State University.

She is a member of the National Press Club's Board of Governors and serves on the Global Economic Reporting Initiative Committee for the Society of American Business Editors and Writers.

After a nerve-rattling plunge, stocks in Asia, Europe and the United States managed to end the week ahead of where they started.

But not so for industrial commodities. Their prices just keep heading south — creating more worries for miners, but good news for many manufacturers and consumers. The price drops could even help depress interest rates for all sorts of borrowers.

Before considering the impacts, first check out the magnitude of the changes. These are approximate prices, compared with one year ago:

The U.S. House voted 236-138 Thursday to tie a bow on President Obama's package of trade-related legislation — giving him final approval on everything he wanted.

The Senate already had signed off on all of it, granting: 1) enhanced trade negotiation powers to the president, 2) aid for displaced workers and 3) trade incentives for sub-Saharan Africa.

Thursday's vote marked a stunning victory for Obama by clearing his path to completing the proposed Trans-Pacific Partnership, a trade deal involving the United States, Japan and 10 other Pacific Rim nations.

The Senate handed President Obama a huge victory Wednesday afternoon, giving him final approval of legislation that enhances his power to negotiate trade deals.

The bill needed just 51 votes, but passed 60-38, making it look almost easy.

But earlier this month, the legislation granting Trade Promotion Authority seemed likely to die because of fierce opposition from many Democrats and some Republicans. Various legislative maneuvers were employed to set back the measure.

The Senate voted 60-37 Tuesday to advance President Obama's trade agenda — setting up a big victory for the White House and a painful loss for labor unions.

This latest Senate vote clears away procedural hurdles for legislation granting Trade Promotion Authority (TPA) to Obama. That power allows the president to negotiate trade pacts and then put them on a so-called fast track through Congress. With TPA in place, Congress would take a simple yes-or-no vote on any trade deal, with no room for amendments.

This afternoon, the U.S. House voted 236 to 189 to give itself six more weeks to sort out tangled legislation involving trade.

The House Republican leaders prodded their members to approve a rule change that extends time for a second vote on one part of a trade package. This portion, called Trade Adjustment Assistance, failed on Friday.

Dealing a big blow to President Obama's agenda, the House of Representatives failed to pass a key element of a package of bills that would have given Obama the ability to fast-track a trade deal with Pacific Rim nations.

The House began by voting on a bill that would provide funding for training Americans who would lose their jobs because of the trade deal. Failing to attract enough Democratic votes, the body rejected the measure by a large margin.

The Labor Department's latest report shows employers created 223,000 jobs in April and the unemployment rate went down another notch to 5.4 percent.

So, yay!

But study the wage figures in Friday's report — and your "yay" turns to "meh."

Workers got raises of just 0.1 percent in April. Over the past year, wages advanced only 2.2 percent, a pace that amounts to treading water for most families. The average workweek has stalled at 34.5 hours, unchanged from the previous month — and from a year ago.

President Obama's plan for creating a Pacific Rim trade zone has been hovering in the wings, waiting for the right moment to demand attention.

On Wednesday, Japanese Prime Minister Shinzo Abe pushed it out on to center stage during a dramatic joint meeting of the U.S. House and Senate. He urged Congress to approve the proposed Trans-Pacific Partnership, or TPP.

The global economy won't sink this year, thanks to the oceans of cheap oil keeping it afloat.

That's the bottom line of the World Economic Outlook, released Tuesday by the International Monetary Fund. The 2015 pace of economic growth will tick up to 3.5 percent, helped along by lower energy costs and weaker currencies.

We got your news that employers added just 126,000 jobs on your watch. Hate to say it, but you have disappointed everyone. No doubt you'll say you were under the weather — literally. Sure, it was cold, but still ... Let's hope April does better.

This week, labor leaders made sure President Obama knows that when it comes to foreign trade, they are living on opposite sides of the track — the "fast track," that is.

That's a term describing a president's broad power to negotiate a trade agreement — and then put the final package on a "fast track" through Congress. Lawmakers can give it a yes-or-no vote, but can't amend or filibuster the deal.

In this country, all children are supposed to have a shot at success — a chance to jump "from rags to riches" in one generation.

Even if riches remain out of reach, then the belief has been that every hard-working American should be able to go from poverty to the middle class.

On Tuesday, a book and a separate study are being released — both turning up evidence that the one-generation leap is getting harder to accomplish in an economy so tied to education, technological know-how and networking.

For decades, economists have tracked the "misery index," a simple formula that adds the unemployment rate to the inflation rate. The result equals how miserable — or not — you feel.

On Friday, the Labor Department released February's jobs report, and the good numbers will further drive down the misery index, already at its lowest level in more than a half-century, thanks to falling oil prices.